Central Bankers Gone Wild?
Sweeping criticisms of developed-country central banks are all the rage, with observers claiming that, since 2008, central banks have been far too activist, overstepping their mandates and damaging the economy. This narrative is patently wrong, and it is time for monetary policymakers to say "enough" and set the record straight.
https://prosyn.org/qzajBkU
PRAGUE – Sweeping criticisms of developed-country central banks have lately become all the rage. The main line of attack goes something like this: monetary policymakers have been far too activist since 2008, overstepping their mandates and damaging the economy. This narrative – which, bizarrely, is equally popular among otherwise irreconcilable ideological adversaries, such as libertarians and neo-Marxists – is patently wrong.